Now the banks have found a way to get back on their feet, the business owners I talk to are all wondering about what the impact will be on them. Clearly those who have relied on loans and support from banks have found life a lot harder, but those who have worked hard to avoid borrowing or overdraft facilities are feeling unsure about whether they will be affected.
An inability to manage change is, and always has been, the greatest threat to a business. The problem is that change will come fast, and only those ready for it will survive. Change may be difficult to deal with after such a long period of sustained growth, but it has to be faced.
Tags: Business, Cash, Change, Crisis